Create confidence interval for the mean commission

Assignment Help Basic Statistics
Reference no: EM13125550

A random sample of the commissions earned by local Tupperware dealers last month is given below.

$4377.47 $3183.76 $1970.16 $2270.88 $3860.06
$2508.55 $1569.64 $4205.30 $1663.68 $3960.71

a. Find x-bar and s for this data set. (5 points)

b. Construct a 99 percent confidence interval for the mean commission earned by local Tupperware dealers. You may assume the commissions are normally distributed.

Reference no: EM13125550

Questions Cloud

What is the percent yield of ch3oh : If 84 g of CO reacts to produce 63 g of CH3OH, What is the percent yield of CH3OH?Answer in units of % ?
Detemining linear space : Suppose S is a linear space defined below. Are the following mappings L linear transformations from S into itself? If answer is yes, find the matrix representations of formations (in standard basis):
Is there a perfect method that be used by all companies : Inventory is an important asset for merchandisers. Considering the various methods of valuing inventory and the flow of merchandise, what are the strengths and weaknesses of each method? Why would a company chose one method over another? Is there ..
Personality traits based on individual findings : Write a 300-word paper describing each team members' personality traits based on individual findings from the Big Five assessment tool. Include the following.
Create confidence interval for the mean commission : Construct a 99 percent confidence interval for the mean commission earned by local Tupperware dealers. You may assume the commissions are normally distributed.
We are performing an experiment using half-life : Question about Half life problem, We are performing an experiment using half-life =4.5 x 10^3 days labeled phenylalanine in which the five atomic hydrogens are labeled.To perform the experiment
Examine by the accumulated benefits approach : Examine by the accumulated benefits approach the amount of Davenport’s annual retirement payments earned as of the end of 2011.
Vectors in linear algebra : Suppose that a "skew" product of vectors in R2 is defined by (u,v)=u1v1-u2v2. Prove that (u,v)squared >equal too (u,u)(v,v). (NOTE; This is just the reverse of the Cauchy- Schwartz inequality for the ordinary dot product.)
Find probability frequently experience stress in daily lives : Suppose you are in a class of 120 students. What is the probability that at most 42 students will say that they frequently experience stress in their daily lives?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd